Slow pace of development worsens port congestion Congestion in the world's main container hubs - a result of surging China exports - is likely to be a nagging problem for a number of years as costly port development struggles to keep up with trade and shipping industry growth, say analysts.
Evergreen H1 profit surges 20-fold EVERGREEN Marine Corp, the world's third-largest shipping line, posted strong quarterly earnings thanks to robust exports and freight rates, which it expects to remain high.
Maersk expects rates to soar A P Moller-Maersk, the world's largest shipping company, said demand for container vessels will probably rise in the next 12 months, boosting freight rates as growth in shipments from Asia outstrips available space.
British Ports plans to invest 400m in new UK facilities
Strait Talk
EC policy adding to global warming? THOSE representing the international shipping industry internationally on environmental issues and, particularly, those who have had to deal with the European Commission have had a rough ride in recent years.
Slow pace of development worsens port congestion Congestion in the world's main container hubs - a result of surging China exports - is likely to be a nagging problem for a number of years as costly port development struggles to keep up with trade and shipping industry growth, say analysts.
Evergreen H1 profit surges 20-fold EVERGREEN Marine Corp, the world's third-largest shipping line, posted strong quarterly earnings thanks to robust exports and freight rates, which it expects to remain high.
Maersk expects rates to soar A P Moller-Maersk, the world's largest shipping company, said demand for container vessels will probably rise in the next 12 months, boosting freight rates as growth in shipments from Asia outstrips available space.
British Ports plans to invest 400m in new UK facilities
Strait Talk
EC policy adding to global warming? THOSE representing the international shipping industry internationally on environmental issues and, particularly, those who have had to deal with the European Commission have had a rough ride in recent years.
Oil rallies after sharp fall in US crude stocks Crude prices surge after unexpectedly sharp draw in US stocks, although key products show healthy builds.
Fujairah stable as cargo gain stalls bearish trend
South Korean avails return to normal Bunkering back to normal after latest typhoon and rise in buying interest reported.
DNVPS chief slams 'unfair and unethical' suppliers DNV Petroleum Services managing director on offensive in response to customers being driven away by suppliers refusing to use testing agency's surveyors.
Oil rebounds ahead of weekly US inventory reports As crude rebounds, analysts say crude is well supported around current levels following period of bearish price movement through late August.
USGC-Singapore arbitrage window swings open Oil giants BP and PDVSA among cargo traders seeking to take advantage of favourable arbitrage window between USGC and Singapore.
European lines offer to end collective pricing IN A dramatic move that will confound many critics, the world's top container shipping lines are offering to end collective pricing. The proposal, if adopted, would effectively mark the death of the conference system that has formed the backbone of the liner trades since the 1870s.
Brussels delays Erika 3 package BRUSSELS' new package of maritime safety legislation is unlikely to see the light of day until the year end at the earliest, according to the chairman of the European Union council of transport ministers.
ABP stokes '45m coal terminal ASSOCIATED British Ports has triggered an investment in a new '45m ($81m) coal terminal on the Humber as the UK's largest port operator embarks on a '400m spending programme over the next decade, writes Tony Gray.
Engineer arrested after grounding A UKRAINIAN chief engineer was last night in the custody of Strathclyde police after an alleged breach of merchant shipping legislation following the grounding of a coaster yesterday, writes David Osler.
Clarksons achieves record profits CLARKSONS, the UK-based shipping services group, has reported record pre-tax half year profits as a result of strong freight, newbuilding and secondhand markets
Ceres returns to Jacksonville CERES Marine Terminals will develop a car terminal at the Port of Jacksonville, in the US, under a five-year operating and lease agreement with the Port Authority
Scholten: vd Nieuwenhuyzen explains DUTCH entrepreneur Joep van den Nieuwenhuyzen has come out fighting following allegations that he was responsible for the downfall of Rotterdam port's chief exec
ABP focus shifts to Humber UK port operator Associated British Ports has shifted its focus from Dibden Bay to the Humber, where it has announced a major coal import terminal development
WTO authorises sanctions against US WORLD Trade Organization officials gave permission yesterday for the European Union, Japan and Brazil to impose tariffs on US imports
Owners set to cruise as charter-market returning to high-life Recent interim financial results from liner companies, and a surprise upgrade in PIERS TransPacific trade growth estimates indicate that the charter-market weather for owners is set fair for some time.
Two major Australian intermodal service providers to raise rates Adelaide-Darwin rail link operator FreightLink will lift rates by between 15% and 19% on October 1, after completing an extensive review of business in H1.
MOL president stresses China chances
AP Moller Terminals ups stakes at Suez
Hannibal stops in Zurich for Swiss shippers
ABP Holdings wraps up half-year results
More rate rises on ANZ trades
Hanjin Heavy Industries expects increasing new orders
Wan Hai orders four 6,000TEU containerships
Infrared technology to improve traffic flow at Yantian Port
"Color Fantasy" delivery on 3. December Color Line's new 74,600 GT cruise ferry "Color Fantasy" is scheduled for delivery from Kvaerner Masa-Yards in Finland on ...
Danes upgrade estimate for yearly revenue Danish shipowners are confident and their organisation Danish Shipowners Association has just upgraded their forecast for the net revenue of ...
Nor-Cargo Shipping change to Nor Lines Nor-Cargo Shipping has changed name to Nor Lines as a result of Nor-Cargo Holding was sold to Posten ...
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